The Long-Run Aggregate Supply Curve Shifts Right If

question 41

Multiple Choice

The long-run aggregate supply curve shifts right if

• A)either immigration from abroad increases or technology improves.
• B)immigration from abroad increases,but not if technology improves.
• C)technology improves,but not if immigration from abroad increases.
• D)None of the above are correct.

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Definitions:

Statistical Technique

A method used in the analysis of numerical data and the interpretation of statistical results.

Factor Analysis

A statistical strategy for identifying key variables, or factors, that elucidate the correlation patterns observed within a set of variables.

Statistical Technique

A method used in the collection, analysis, interpretation, or presentation of data.

Continuously Compounded Interest

Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.